SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 8, 1998
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ENGEX, INC.
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(Exact name of registrant as specified in its charter)
Delaware 811-01639 13-2620543
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State or other jurisdiction of (Commission (IRS Employer
incorporation or organization File No.) Identification No.)
44 Wall Street, New York, NY 10005
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(Address of principal executive offices) (Zip Code)
(212) 495-4200
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(Registrant's telephone number, including area code)
No Change
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(Former name, former address and former fiscal year,
if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
Pursuant to a recommendation of Engex, Inc.'s (the Company's) Board of
Directors, Grant Thornton LLP was engaged as the Company's independent auditors
for the year ending September 30, 1998 to replace the firm of David Berdon & Co.
LLP, who were dismissed as auditors of the Company effective January 8, 1998.
The appointment of Grant Thornton LLP as the Company's independent accountants
for 1998 was effective upon the dismissal of David Berdon & Co. LLP, subject to
the approval of the Company's shareholders which was obtained on January 6,
1998.
The reports of David Berdon & Co. LLP on the Company's financial
statements for the past two years did not contain an adverse opinion or a
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope, or accounting principles.
In connection with the audits of the Company's financial statements for
each of the two years ended September 30, 1997, and in the subsequent interim
period, there were no disagreements with David Berdon & Co. LLP on any matters
of accounting principles or practices, financial statement disclosure, or
auditing scope and procedures which, if not resolved to the satisfaction of
David Berdon & Co. LLP, would have caused David Berdon & Co. LLP to make
reference to the matter in its report.
During the Company's two most recently completed years and through the
present date, there have been no reportable events (as defined in item 304 of
Regulation S-K) with David Berdon & Co. LLP and during such periods the Company
has not consulted with Grant Thornton LLP regarding the application of
accounting principles to a specified transaction, either completed or proposed,
or the type of audit opinion that might be rendered on the Company's financial
statements.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
16.1 Letter from David Berdon & Co. LLP re change in
certifying accountant.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: January 8, 1998
ENGEX, INC.
By /s/BRIAN WASSERMAN
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Brian Wasserman
Treasurer
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January 8, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
Engex, Inc.
We have read Item 4 of Engex, Inc.'s Form 8-K dated January 8, 1998 and are in
agreement with the statements contained therein.
Yours very truly,
DAVID BERDON & CO. LLP
David Berdon & Co. LLP
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